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20121205
20121213
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a loss of advertising money as lawmakers fail to find harmony over averting the fiscal cliff. the brand new dreamliner is under review after making an emergency landing in new orleans due to a mechanical glitch. larry shover of sfg alternatives joins us now on this wednesday for an early look at the market. what is going on with volume? is the market in a bit of a holding pattern here? > > yeah, the market is completely in a holding pattern right now. i think what i just saw yesterday, volumes are down about 10% on the 3-month average. but let's keep in mind that all eyes are on the fiscal cliff right now. we are at the end of the year, there's a lot of performance anxiety going on right now. so people are either locking in profits or not initiating new trades. > what is driving down the dollar? > > right now what is driving down the dollar is a lack of confidence in the united states government. that's plain and simple right now. are we going to lose our safehaven status? i doubt it right now. but in the short term, people are worried that this thing is not going to get figured out, an
on capitol hill. will lawmakers strike a deal on avoid the fiscal cliff by the new year? plus, union members flock to michigan's capital. the changes ahead for the workforce in the great lakes state. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning and happy 12-12-12! i'm angela miles. in today's first look: the market rallied into today's anouncement from the federal reserve which includes a news conference from fed chair ben bernanke. the dow is now up for the 5th session in a row. the other big news - oil was a gainer for the first time in 6 sessions. explosive details are emerging that fedex was "systematically overcharging" businesses and the goverment. the emailed comments were released in court documents in a class action lawsuit. a fedex official says the documents don't tell the whole story. and shares of rare earth molycorp fell 5% on word the cmpany is seraching for a permanent ceo. larry shover of sfg alternatives joins us now for an early look at the market. good morning to you. and are we waiting for
proposals on the end of the year avoiding the fiscal cliff. they offered a new proposal offering the tax revenue to lower it to 4.1 trillion. house speaker john boehner disclosed his offer yesterday. >>> and they are now planning ongoing public. that story is and coming up at 5:05. right now it is 4:46, john mcafee could soon return to the united states. he said a guatemala judge said his detension is illegal. he was detained after entering the country illegally to avoid detention in bail lease about -- belize about the questioning of his neighbor. >>> police are getting stonewalled. a burglary or burglars bashed in a store with sledge hammers from the fine jewelry department. the alarm was tripped but they did not arrive until later. >> it would be helpful, the sooner the better and we would like to recover the jewelry. >> the same store was hit a few years ago. it was hit near macy's just a few years ago. and the shopping store in broadway plaza could be improved. >>> and yahoo e-mail has a new look that is designed to make it easier and use. yahoo remains the top e-mail service but go
a good policy and avoid the fiscal cliff. >>> a court arrangement on new charges for the man accused of kidnapping and killing missing sierra lemar. he faces three counts of attempted kidnapping charges in connection with attacks on three women in 2009 in the parking lots of safe way stores in morgan hill. he is expected to enter a plea to the kidnapping and murder charges in the sierra lemar case. >>> san francisco police arrested five people including four women in connection to a homicide where the victims were found tied up and gag and -- gagged and left in the middle of the street. one of those victims died and they have arrested two people on murder charges. three others are facing accessory after the fact to murder and they say the victims knew the suspects. >>> the sinkhole in lafayette is expected to be done earlier than expected. c.c. meyers specializes in emergency repair work and his crew started fixing that hole which opened up on mountain view drive during the last few storms. that work could be finished on christmas day but that work was supposed to be taking months. >
meeting on the fiscal cliff crisis and the new point of views some are now expenses. runders -- renters may be dealt with by san francisco landlords. they would have to find out if it is option until. if passed it will move tonight full board.$♪. >> legislative leaders are holding a vigil to protect funding for a job center in west oakland. they say jobs and unemployment is key to is keeping few vince town because of an opposition to put up and they are expected to track that is -- thousands of dollars. >>> they could decide to cut the amount of medical marijuana a patient can have. supervisors will consider a proposal to scrap guidelines to allow medical marijuana to have more than 30 plants. the new proposal will allow to the state limit of 6 mature plant and eight. >>> they are holding one more community meeting in their search for a new pell chief. police chief chris march is at the south side center on coddle road. >>> you can expect peer clay enclosures over the next six month. they are necessary including painting and replacing crash cushions. they are scheduled to open it traf
there may be only two people at the fiscal cliff negotiating table. according to the new york times house speaker john boehner says he wants to negotiate directly with president obama. he has asked that senate leaders and house minority leader nancy pelosi be excluded from future talks. and clearing a negotiating room improves the chances for success. just 25 minutes from now the closely watched monthly unemployment report will be released for november. coming up at 5:15 what economists say the numbers released this morning don't accurately reflect the current jobs market. >>> time now 5:05. reports an oakland church youth group visiting florida today is out of money and their belongings because thieves broke into their van. a group of 24 teenagers and young adults were eating at a restaurant yesterday. about an hour after arriving for a weekend youth conference. they are saying thieves broke into their van, stole $12,000 cash. one member of the group was able to have money wired to them so they at least spent last night in a hotel. there is no word yet if this group plans to come back to
. in six minutes, rita williams will tell us about a new poll on the fiscal cliff. do americans think it can be avoiding and who are they blaming. >>> sales of pandora plummeted. pandora is facing competition. >>> it appears brits are really getting into the royal pregnancy and bookmakers are taking odds. bets are being taken to if name of the expected babies. traditional names of royals such as elizabeth, victoria and williams are still the favorite. >>> a hollywood landmark is getting a make over. the last minute opposition to a bay area sheriff's purchase of an aerial drone. >> it's like the worse nightmare imaginable. it's like this isn't true. >> while in dialysis and battling cancer someone stole his beloved dog. the unlikely scenario that brought the two back together. [ woman ] ring. ring. progresso. i just served my mother-in-law your chicken noodle soup but she loved it so much... i told her it was homemade. everyone tells a little white lie now and then. but now she wants my recipe [ clears his throat ] [ softly ] she's right behind me isn't she? [ male announcer ] progress
locked out of the battle over the fiscal cliff. why california congresswoman nancy pelosi and other leaders are not being allowed to negotiate. ktvu channel 2 morning news continues. >>> good morning, to you. welcome to a brand new day friday december 7th i'm dave clark. >> and i'm pam cook. thank you for joining us this morning. i want to start with weather and traffic. weather rosemary orozco is in for steve. >> fair weather in the forecast. lasting through the weekend. hopefully that brings a smile to your face. tgif to you. we're off to a chilly start this morning. mostly sunny skies for the afternoon. temperatures running warm for december and it will be a trend we see for your weekend. i'll have details on this coming up in a moment. good morning, tara. >>> good morning, rosemary. here's a look at traffic through 880. the headlights are southbound as you make your way toward the hayward area. up next we have a look at the east shore freeway. the headlights you see are folks heading westbound on to the mccarthur maze and to the bay bridge toll plaza where we are starting to see
. >>> as a u.s. inched one day closer to the fiscal cliff, john boehner made a new proposal. >> americans have to be scratching their head and wondering, when is the president going to get serious. >> house minority leader nancy pelosi defended the president. >> he has said that he's willing to make some changes. but it's really important that any changes not hurt the middle class. >> reporter: pelosi also said democrats have already agreed to more than a trillion and a half dollars in budget cut this is year. more details now on how a fall off that fiscal cliff would affect taxpayers. the nonpartisan tax foundation says an average family of four would pay an extra $7,400 in taxes. looking at specific cities here, people in san francisco and oakland would pay an extra $7,424 in san jose it would be 7,352. and in santa rosa, $3,333. now to wall street where stocks today moved into positive territory. the dow clos up 78 points. >>> there were more jobs advertised in september than october. job openings rose by 128,000 to 3.68 million in october that is the most since june. and in a separate repo
. in today's headlines... the market is still looking for progress on avoiding the fiscal cliff. president obama and congressmen boehner met at the white house yesterday. stocks inched higher on the news, with the dow and s&p 500 near 5-week highs. selling in apple once again held back the nasdaq. gold was up and oil was down. a two-day fed meeting starts today with the fed most likely talking about stimulating the economy by purchasing more treasury bonds to keep interest rates low. the government is selling its remaining stake in aig... and reports say regulators have a $1.9 billion dollar settlement with hsbc. the bank is accussed of laundering money for drug dealers and terrorists. john brady of rj o'brien joins us now. john, are you seeing any special positioning ahead of the fed? > > we have angie. over the course of the last two weeks so, we have seen equity markets continue to "melt up," as traders would say, continue to be sort of supported by this idea that the federal reserve is going to continue its method of quantitative easing. the fed meeting to start today. however, we will
supports the fragile economic recovery. he said it's not enough to keep us from going over the fiscal cliff but it could help to cushion the fall. >>> a new trip survey shows almost half the people asked plan to be away for the holidays. two thirds will be visiting families and 07 percent is planning on spending more. >>> today you will automatically get the file and twitter will place a gray default photo in there if you top know how to. >>> time now 5:51, accusing a reality television show of cheating. why they say don't believe what you see on the screen. >>> and they are making some couples say the best day to get married is today. q . >>> a big-rig making an illegal turn caused a crash. a car crashed into that big-rig as it was making that u-turn and shortly after another car drove up on that site but he come see anything because of that fog. he spilled all the cargo and the road was closed as crews cleared the scene. >>> two glass doors were smashed at the store yesterday. thieves stole percent and some almost 430 and they say macy's has turned over surveillance video and they believe
gets some new ammunition in this fight over the fiscal cliff. let's take a look -- a look at the numbers. the labor department reports 146,000 job were -- jobs were added last month. the unemployment rate reached a four-year low, 7.7%, from 7.9% the year before. democrats say the report shows the economy is improving enough that the wealthiest 2% of americans can afford a tax increase. but house speaker john boehner just talked to reporters here at the capitol. he says increasing tax rates will jeopardize the gains. he sounds very frustrated about where the talks are right now. >> this isn't a progress report because there's no progress to report. when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week -- another week. >> reporter: there are reports this morning that fiscal cliff negotiations are really between president obama and speaker boehner right now. the speaker said he spoke on the phone with the president yesterday and it was a pleasant conversation. but more of the same. reporting live from wa
. well, it is beginning to feel like ground hog day, in the talks to avoid the fiscal cliff. both sides dug in, no agreement in sight. and, we're now just 23 days from the brink. joining us to break down where things stand, are two leading senators. democrat charles schumer, of new york. and, republican bob corker, of tennessee. gentlemen, house speaker boehner said on friday that another week has been wasteded. senator corker, given that president obama won the election, and seems to have most of the political leverage, what is the realistic deal to be made in the next 23 days? >> first of all, i think something will happen. i hope it is large enough for people like me that want to see entitlement reform to vote for. the president has leverage and the republicans have leverage with the debt ceiling and the c.r. which ends in march and hopefully cooler heads will prevail. there are different theories coming forth on how to deal with this and again, chris, it is a unique moment in history, where every developed country in the world, economists on both sides of the aisle, know the greates
of the talks we've heard about the fiscal cliff, we've heard about balance and new tax revenue. but we don't hear balanced a budget. i think -- balanced budget. i think this speaks to how bad the situation is in the federal government when both parties don'tage knowledge that. as for -- don't acknowledge that. as for what's going on, just downstairs from me, speaker boehner started throwing cold water on any report that the talks were moving ahead. yes, there have been an exchange of offers. he said the last couple of days, but he said his phone call last night was a frank discussion about just how far apart they are. with 19 days left until the deadline or nine days until the end of the world, if you are look at the mine cardinal, nobody knows which way -- calendar, nobody knows which way we are headed. >> isn't this part of the we're so far apart publicly. but suddenly, they will announce miraculously they've reached a deal? >> reporter: i think for those of us here trying to cover us, it's the hardest thing to try to figure out since you are not et going the inside part of this. how muc
that fiscal cliff. >>> find out when it is expected to hit, it is all ahead on the ktvu channel 2 morning news. complete bay area coverage starts right now this is the ktvu channel 2 morning news. >>> well, good morning to you, we are ready, it is tuesday december the 11th, i am dave clark. >> let's start with the weather, maybe some rain coming? >> more cold. >>> it is even colder out there for some but it will be colder for all. upper 70s, that will be a distance memory here soon. the system does not have any rain but temperatures are coming down, low clouds and increasing clouds and very 50s, very low 60s. >>> good morning, no major problems and the weather continues to look good in sunny veil. 5:00 let's go back to the desk. >>> we have been following breaking news out of the area, tara moriarty just arrived at the scene and it's an apartment fire at the bart station. >> that's right, we are only a block away from the bart station. >> reporter: these are some apartment complexes and you can see firefighters right now are making sure there are no more hot spots in the addict -- attic but yo
. >>> the standoff over the fiscal cliff is putting jobs here in california and alison burns has more on this. >> reporter: and secretary panetta has warned the fiscal cliff would hurt our national defense. he's expected to hold a news conference any minute now. he's getting the order from the white house to brace for massive budget cut us. now, the automatic spending cuts that would kick in if congress does not reach an agreement on the fiscal cliff would force the pentagon to slice about 10% of the budget. the defense industry projects one in five defense contracts in california would be lost. the aerospace industry is projecting that 135,000 department jobs would be cut along with 90,000 jobs for a total of about 225,000 jobs lost in california over the next few years. alison burns, ktvu channel 2 news. >>> 8:16. well, today will mark the 9 oth annual lighting of the national christmas tree. president obama and his family, they will flip a switch lighting that tree this evening. neil patrick harris, remember doogie howser? he will be hosting the event. james taylor and the fray will be amo
. >>> and a special delivery to congress today that may turn up the heat to reach a compromise on a so called fiscal cliff. join us at 7:00 on tv 36. >>> meeting the need this holiday season. the scramble to make sure children have a happy holiday. >>> officials in palo alto are putting off a decision on a new downtown parking rule. the city council voted yesterday to suspend a zoning exception that lowers parking requirements for new development. council members are still divided on whether to review the process. >>> organizers with working partnerships say it's a real scramble every year to make sure children don't go without at their annual holiday party at the santa clara county fairgrounds. >> we've been doing it a number of years but it's always frightening to know are we going to get enough toys because the one thing we don't want are kids invited to a party, they are looking forward to it. and suddenly, santa has nothing for them. >> if you would like to support a bay area organization or charity during this holiday season, just go to ktvu.com, we've included information on how you can dona
the fiscal cliff. these are live pictures of the president at the business round table. he will be speaking later today to a group of native-american tribal leaders, more than 500 of them are concerned about how deep spending cuts made to avoid the fiscal cliff would affect native-american issues. and you may remember yesterday, the president met with a group of six governors on this issue. this has become the primary focus on washington. alison burns is in our d.c. newsroom with more on this. >> reporter: that's right, tori. president obama is trying to convince these business leaders that he has a plan to avoid the fiscal cliff and get the economy back on track. but he says it's going to take some sacrifice. here's a look at the president shaking hands with business leaders about 15 minutes ago and he's calli for tax increases on the wealthiest americans and an extension of tax rates for the middle school. talks have fallen apart in recent days. but the president insists he's working with republicans to try to get a deal. republicans are willing to cut -- >> reporter: republicans are wil
the fiscal cliff. ktvu house smoker john boehner could be facing an uphill battle within his own -- >> reporter: speaker boehner -- certainly talk here that some republicans could revolt if speaker boehner caves to pressure from the white house to raise tax rates on the wealthiest 2% of americans. and while he's certainly had not agreed to that some are promising to block it. tea party favorite jim says giving into democrats to avoid the fiscal cliff is a temporary solution he's not willing to support. >> republicans should not be conceding the federal government needs more money. >> reporter: we will be hearing from democrats shortly. minority leader nancy pelosi is holding a news conference. we'll have that for you during our next update. reporting live from washington, d.c. alison burns ktvu channel 2 news. >>> a los angeles area fire house is under fire for letting an exdeny letting an exercise company shoot a racy video inside its station. the video by hoopnautic.com shows a scantily dressed woman dancing around. the station was also in trouble last year for allowing some fi
's talking about what will happen to the auto industry if the country falls off the fiscal cliff. let's take a live look now. the president's motorcade is expected to arrive any minute now, then he will be heading to detroit. there's some new hope for a deal after the president and house speaker john boehner held their first one-on-one meeting at the white house in weeks yesterday. now, both sides are mumm about the negotiations -- are mum about the negotiations but say the lines of communications are open. they have 20 minutes to reach an agreement even if they come up with a plan, the international monetary fund says a more constant solution is needed to maintain the economy. >> there's still that uncertainty that fuels doubt, that prevents investors, entrepreneurs, households from making decisions. >> a politico poll out this morning shows president obama has the most leverage in these negotiations. he is demanding a tax increase for american households that make over $250,000 a year. and this poll shows 60% of americans support that idea. reporting live from washington, d.c., alison burn
to avoiding the fiscal cliff. >> when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the whitehouse has wasted another week. >> speaker boehner and president obama spoke only once this scombeek boehner called the talk unproductive. boehner did not say e, he did not repeat his demand to keep tax cuts for the wealthy in place. the president insists taxing should go up on the top 2% of income earners. nancy pelosi responded to criticism that democrats are to blame for the stale meat. >> boehner says that democrats are slow walking this had but this is the same leader who had the house in session barely a full day of this week. >> if a deal is not reached by the end of this year, automatic tax increases and spending cuts go into effect. >> transportation officials today called for the use of data recorders to help improve drive driver safet . these would record vehicle speed, air bag deployment and whether seatbelts were buckled. they say installing those recorders would help gather valuable information. the agency would like to them see them in
as part of a plan to avert the fiscal cliff. >> we must reform the job killing tax code by getting rid of loopholes. our goal should be to create new taxpayers. the gop commented raising taxes won't solve the nation's 16 trillon dollar debt. the potentialal candidate in 2016 he said only economic growth and reformingen titlement programs can control the debt. >> the former florida governor said is he a democrat now. he announced that last night. he posted a photograph where he was holding a voter application. the times reported that he signed papers to change to democrat at a christmas reception at the white house. >> yesterday marked the 71st anniversary of the pearl harbor attacks and many paused to remember that faceful day. in hawaii there was a moment of silence. that surprise attack killed about 2400 people. it was the start of the united states involvement in world war ii. >>> in alameda pearl harbor survivors took part in the ceremony at the coast guard island. the 21 guard salute honored the survivors, they are still fresh for the men who were there. 91-year-old was on the w
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